Intellect Design Arena Limited has announced a comprehensive postal ballot process to seek shareholder approval for critical board appointments. The Board of Directors, at their meeting held on Friday, January 30, 2026, approved the postal ballot notice for two significant resolutions requiring member approval.

Key Appointments Under Consideration

The postal ballot encompasses two major board appointments that will shape the company's leadership structure:

E-voting Schedule and Process

The company has engaged NSDL services to provide e-voting facility to all members. The comprehensive voting timeline ensures adequate opportunity for shareholder participation:

Profile of Proposed Independent Director

D. Shivakumar brings over four decades of leadership experience across Indian and multinational companies. Currently serving as Operating Partner with Advent International, he previously held the position of Group Executive President of Corporate Strategy at Aditya Birla Group and Chairperson & CEO at PepsiCo Holdings Private Limited in India. His educational credentials include degrees from IIT Madras, IIM Calcutta, and Wharton School of Business.

Shivakumar's current directorships include positions at Vadilal Industries Limited (Chairman), Yes Bank Limited, and several private companies. His expertise spans finance, information technology, payment systems, human resources, risk management, and strategic planning.

Whole-time Director Re-appointment Details

Anil Kumar Verma's re-appointment as Whole-time Director comes with specific compensation structure and terms:

Verma, aged 70, holds a Bachelor of Electrical Engineering from IIT Delhi and post-graduate qualification in Instructional Design from University of Wollongong, Australia. The Board considers his continued association essential for the company's growth in Australian geography, citing his institutional memory of Intellect product suite and direct relationships with key banking clients.

Regulatory Compliance and Approvals

Both appointments require special resolution approval from shareholders. Additionally, Verma's re-appointment requires Central Government approval as he was not a resident in India for twelve months preceding his re-appointment date. The company has received all necessary statutory disclosures and declarations from both appointees, including consent forms, independence declarations, and confirmation of eligibility criteria compliance.

The postal ballot notice will be available on the company website at www.intellectdesign.com and stock exchange websites. Members whose email addresses are registered with depositories will receive electronic notices, while the company provides detailed e-voting instructions for various shareholder categories including individual and institutional investors.

Source:

Intellect Design Arena Limited has announced a strategic partnership with DUCA Financial Services Credit Union Ltd. to transform its digital banking ecosystem through the implementation of Intellect's eMACH.ai Digital Engagement Platform (DEP). The announcement was made on February 9, 2026, under Regulation 30 compliance requirements.

Partnership Overview

The collaboration positions DUCA among a growing group of Canadian credit unions adopting hyper-personalised, friction-free banking solutions tailored to evolving member needs. This announcement builds upon Intellect's previous update from December 15, 2025, when 35 credit unions selected the eMACH.ai DEP platform.

Digital Transformation Scope

The digital upgrade will replace DUCA's legacy infrastructure with a seamless, unified experience across mobile and online channels. The eMACH.ai DEP platform will provide DUCA with the agility to consistently launch new financial products at market-leading speeds, supporting its goal to solidify its position as a member-centric innovation leader.

Key Implementation Benefits

The partnership delivers several strategic advantages for DUCA's operations:

• Low-risk legacy migration from Forge (DUCA's current platform) to eMACH.ai DEP with zero operational disruption, backed by Intellect's deep expertise in both platforms
• Superior member experience consisting of an omnichannel banking experience with rapid self-onboarding and Gen-Z focused digital self-service capabilities for retail and small business members
• Reduced costs and scalable growth through a shared multi-tenant SaaS model
• Future-proof scalability with access to Intellect's composable microservices-based eMACH.ai platform, consisting of open finance-enabled core banking, lending, and commercial banking platforms specifically designed for the Canadian credit union segment

Management Commentary

Aron Rogers, CTO of DUCA, emphasized the significance of this partnership: "Our partnership with Intellect and the adoption of the eMACH.ai DEP platform marks a pivotal milestone in DUCA's digital transformation. By prioritizing a low-risk migration and a high-performance, Canada-ready digital banking experience, we are ensuring that our technology enables our members' ambitions."

Rogers further highlighted the strategic impact: "This move allows us to innovate with greater speed and agility, providing the seamless, modern banking experience our community deserves. At its core, this investment is about empowering our members with the digital tools they need to Do more, Be more, and Achieve more."

Strategic Positioning

This partnership reinforces Intellect Design Arena's expanding presence in the Canadian credit union market, following the selection of its platform by 35 credit unions in December 2025. The collaboration demonstrates DUCA's commitment to leveraging advanced financial technology to enhance member services while maintaining operational efficiency through the transition from legacy systems to modern digital banking infrastructure.